All Defined contribution articles – Page 96
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News
CIDC schemes divide industry
Collective individual defined contribution schemes may be the only viable form of collective pension scheme in the short run, according to David Blake, director at the Pensions Institute, Cass Business School.
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News
Four priorities for McVey's DWP
The Department for Work and Pensions got its fifth boss in less than two years on Monday evening, with Theresa May’s Cabinet reshuffle replacing David Gauke with Esther McVey as secretary of state responsible for the department.
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News
CIDC schemes offer best scheme model, says academic
Collective individual defined contribution schemes may be the only viable form of collective pension scheme in the short run, according to David Blake, director at the Pensions Institute, Cass Business School.
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OpinionData Crunch: Why DC market measures are so confusing
Each year we set about estimating the assets in workplace defined contribution schemes in the UK. Our latest conclusion is that the UK DC workplace market contained £338bn in assets in 2016.
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NewsProspect members agree to BT pension deal
BT managers represented by union Prospect have voted in favour of a new pensions deal that will boost pay and aim to incentivise members of its defined benefit BT Pension Scheme to join the defined contribution BT Retirement Saving Scheme.
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News
Could flexible pension products help indebted millennials?
News analysis: More than a quarter of London’s millennial population are permanently in debt, it has been revealed. What role does pensions policy play in their financial health, and could more flexible solutions improve their situation?
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News
Prospect members vote in favour of new BT pension deal
BT staff represented by union Prospect have agreed to a new pensions deal that will boost pay and aim to incentivise members of its defined benefit BT Pension Scheme to join the defined contribution BT Retirement Saving Scheme.
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News
PTL launches transaction cost service
Professional trustee company PTL said it has launched a service for asset managers aimed to help their clients assess investment transaction costs.
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FeaturesTPT assists banks with risk capital investment
Mastertrust TPT Retirement Solutions is investing in regulatory capital strategies, where the scheme provides risk capital for the loan books of banks. The trust is also making allocations to alternative risk premiums.
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News
Freedoms still have industry in their grip: Top DC stories from 2017
Year in review: The sea change policy of freedom and choice brought in more than two years ago continues to dominate in the defined contribution world.
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News
Govt 'minded' to introduce mandatory trustee ESG statements
The government is to consult on whether trustees should be required to state their policies on sustainability, member concerns and stewardship, and will clarify current legislation as part of a wider push to increase pension investment in social and illiquid assets.
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OpinionAE review should silence doom-mongers
As 2017 draws to a close, we can take stock of some remarkable statistics on automatic enrolment; over 9m people have been enrolled by over 800,000 employers.
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News
BT scheme cuts TPA contract short to pull admin in-house
The BT Pension Scheme is moving the administration for its 300,000-member scheme in-house next year, not long into a contract extension with a third-party provider.
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News
AE review: Welcome reforms not due until mid-2020s
The government will introduce a package of measures to address issues with auto-enrolment, but questions remain over multiple jobholders and the self-employed, while the timescale has drawn criticism.
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Opinion
Industry is divided over Royal Mail's CDC proposal
Pressure is mounting on the Department for Work and Pensions to lay regulations for collective defined contribution, after mediation between Royal Mail and the Communication Workers Union recommended lobbying government to facilitate their creation of a CDC scheme.
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OpinionChallenging providers is key to boosting value
Since April 2015, trustees have had to decide whether the costs paid by their members are good value. But how do they do this?
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Features
What schemes can do to drive value for members
The job of a defined contribution default fund is simple; to generate enough savings to fund a meaningful income for an individual at retirement. Of course, in the real world, it is not as straightforward as that.
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Features
Pearson scheme upgrades comms to boost engagement
The Pearson Pension Plan has revamped its member communications and engagement strategy, using the experience to apply a similar approach to the scheme’s member-nominated trustee appointment process.
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News
UK has lowest net replacement rates of average earners in OECD
A new report has highlighted markedly low replacement rates for UK savers amid increasing pensioner poverty due to ill health, emphasising the importance of increased saving into private pensions.
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Opinion
DC Debate Q4: Mastertrusts, AE and more
Six defined contribution specialists talk mastertrusts, compulsion, and what lessons can be learnt from DC systems around the world.